Prudential to spin off UK in addition to European business in radical break-up

“The decision to demerge M&G Prudential follows a rigorous review by the board which considered all options, including the status quo, in addition to concluded in which the idea can be inside best interest of the group to operate as two separately-listed companies, able to focus on their distinct strategic priorities in their chosen geographies,” Paul Manduca, Prudential’s chairman, said.

the idea came as Prudential announced the sale of a 12 billion-pound UK annuities book to Rothesay Life in addition to posted annual results for 2017, which showed a 6 percent rise in operating profits to 4.7 billion pounds. in which beat market expectations of 4.6 billion pounds.